Bangkok / AFP Thailand’s 4G expansion was thrown into disarray on Monday after a telecoms company that beat more established rivals at an auction last year failed to meet its first payment deadline, voiding the bid. The failure is a blow to the country’s junta who had earmarked money from the lucrative auctions for use in key infrastructure projects and ...

BANGKOK / AP About 750 passengers were stranded on Bangkok’s Airport Rail Link due to a power outage during Monday morning rush hour, prompting several people to walk along the train’s overhead tracks to the next station. Bangkok’s Erawan medical emergency center said seven people fainted on the train while waiting more than two hours for operations to resume. The ...

Bloomberg Leaving the European Union might cost the UK £100 billion ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a so-called Brexit. An exit could, according to the study, meaning unemployment would be 2-3 percent higher by 2020 than if Britain remained in the ...

Bloomberg The pound fell from a one-month high versus the dollar after a senior member of the U.K. government resigned on Friday, deepening the rift in the ruling Conservative party just three months before the referendum on Britain’s European Union membership. Sterling weakened against all of its 16 major peers and was the worst performing currency among the Group-of-10 nations. ...

Bloomberg Ricky Moore, who stages the Hypnotist Laughter Show at comedy clubs in northern England, took a phone call a few weeks ago that turned out to be an unusual booking. He was asked if he’d be willing to sign a letter urging Britons to quit the European Union. He agreed, even though he didn’t know who exactly was calling ...

Bloomberg Ukraine’s political gridlock, already holding up billions of dollars in aid, is also threatening financial stability and postponing monetary easing, according to the nation’s central bank governor. Delays in talks on a cabinet revamp present a further danger to the hryvnia after the currency slumped 9 percent against the dollar this year, Valeriya Gontareva said in an interview. Policy ...

Bloomberg When it comes to fiscal discipline in the European Union, three is the magic number. That’s a deficit limit of 3 percent of GDP, and five EU states will make the budgetary bad books this year by breaching that level. These five — the U.K., France, Spain, Greece, and Croatia — include three of Europe’s five largest economies. Three ...

Bloomberg Fidelity Capital Markets said the difference between yields on Treasuries and other bonds makes investing in the U.S. attractive, as America’s premium approached the most in a decade. Treasuries due in 10 years or longer yielded more than 1.5 percentage points more than their counterparts around the world, based on Bank of America Merrill Lynch indexes. The premium was ...

Bloomberg Brazil analysts reduced their 2016 economic growth forecast for the ninth straight week as a political crisis grips the nation and further dims the outlook for turnaround. Economists lowered their 2016 economic forecast to a contraction of 3.6 percent, and reduced their 2017 outlook for the first time in more than a month to 0.44 percent growth, according to ...

Bloomberg Canadian regulators extended by three months Petroliam Nasional Bhd.’s application to build a liquefied natural gas terminal on the nation’s Pacific coast so the Malaysian company can provide more information about the project’s environmental impacts. The Canadian Environmental Assessment Agency announced the extension in a filing after Pacific NorthWest LNG, as the project is known, detailed changes to its ...